BASF is increasing the prices of the polyalcohols neopentylglycol (NPG) and trimethylolpropane (TMP), with immediate effect or as existing contracts permit by 85 €/mt in Europe.

Trimethylolpropane (TMP) is a high-quality intermediate that is used primarily for the production of alkyd resins, which are used in paints and coatings. It also serves to produce lubricants. Neopentyl glycol (NPG) is a high-quality intermediate used, for example, to produce polyester resins for coatings, unsaturated polyester resins, lubricants and plasticizers.